iA Global Asset Management Inc. Sells 25,138 Shares of MongoDB, Inc. (NASDAQ:MDB)

iA Global Asset Management Inc. reduced its stake in shares of MongoDB, Inc. (NASDAQ:MDB - Free Report) by 75.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,962 shares of the company's stock after selling 25,138 shares during the quarter. iA Global Asset Management Inc.'s holdings in MongoDB were worth $1,854,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank boosted its position in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares during the period. NCP Inc. bought a new stake in MongoDB during the fourth quarter worth approximately $35,000. Brooklyn Investment Group bought a new position in MongoDB during the 3rd quarter valued at $36,000. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after buying an additional 118 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock valued at $42,000 after buying an additional 165 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company's stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,139 shares of company stock worth $11,328,869. Company insiders own 3.60% of the company's stock.

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Analyst Upgrades and Downgrades

MDB has been the topic of several research reports. Monness Crespi & Hardt upgraded shares of MongoDB from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Robert W. Baird decreased their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Royal Bank of Canada dropped their target price on MongoDB from $400.00 to $320.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Loop Capital cut their target price on shares of MongoDB from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Finally, Oppenheimer lowered their price target on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and an average price target of $320.70.

MongoDB Trading Up 0.3 %

Shares of MDB traded up $0.55 during mid-day trading on Tuesday, hitting $198.03. 498,759 shares of the company traded hands, compared to its average volume of 1,702,456. The business has a 50-day moving average of $250.11 and a 200 day moving average of $268.75. MongoDB, Inc. has a one year low of $173.13 and a one year high of $387.19. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of -72.21 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

MongoDB Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.